PSR is not a business model, it’s simply a hedge fund strategy. Regardless of what Lance, Vena, Foote, Kreel, or the deceased Hunter Harrison have said or will say. Hedge funds recognize inefficient companies and either take over the board or place tremendous pressure on the existing board to cut operating ratio and staff. This does two things creates billions of extra revenue and adds billions in stock value. Once the squeeze is running dry they sell and move on leaving the company surviving but not in a position for sustained long term growth.
Buffet always says “Run the company as it would look 100 years from now.” PSR “ Hedge Funding only focuses on net revenue produced from quarter to quarter. This is why Hunter Harrison skipped from company to company. PSR is not sustainable long term and in 8 to 16 financial reporting quarters it will end, Union Pacifc will rebuild.
Anyone that is left that wants to stay needs to not do anything to give them a reason to make you a casualty, agreement employees sometimes will not have a choice, but you will be called back eventually. Non agreement need to be PSR cheer leaders and put forward a try anything attitude even if Vena, Lischer, or Keller have the dumbest ideas on the planet. This will pass and we will survive, in some cases nothing you do will matter so hang in there